Wal-Mart February sales slump with discretionary income

And now for some news from the consumer led economy. Here is a direct link.

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One Response to Wal-Mart February sales slump with discretionary income

  1. William says:

    I am not surprised:
    – Taxes for the rich have gone up. It was the platform Obama campaigned on. (And Congress spent this money, it was supposed to bring in, in the first 4 weeks of this year. I agree with Kyle Bass & Jim Puplava: “Washington doesn’t have a taxation problem, it has a spending problem”).
    – Payroll taxes are back up to their 2009 (2010 ?) level.
    – US citizens are now paying the “Obama care” taxes, starting January 1st.
    – A significant amount of taxdeductions have been eliminated for the FY 2013. And there’s more to come in the next year(s).

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